News Formal

Philippines to reclaim growth momentum with spending 'catch-up': finance chief

  • 📰 ANCALERTS
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

日本 ニュース ニュース

日本 最新ニュース,日本 見出し

MANILA -- Finance Secretary Carlos Dominguez said Friday the government would formulate a "catch up plan" on spending to accelerate economic growth that was slowed by the delay in the passage of the 2

MANILA -- Finance Secretary Carlos Dominguez said Friday the government would formulate a "catch up plan" on spending to accelerate economic growth that was slowed by the delay in the passage of the 2019 budget.

Had the budget been passed on time, Dominguez said gross domestic product in the January to March period could have grown by 6.6 to 7.2 percent instead of 5.6 percent. The budget delay "hit our economy hard" resulting in P1 billion in underspending per day, Dominguez said. Spending commitments of P803.1 billion from the Department of Public Works and Highways and the Department of Transportation are enough to cover the national government's infrastructure target, Dominguez said.

このニュースをすぐに読めるように要約しました。ニュースに興味がある場合は、ここで全文を読むことができます。 続きを読む:

 /  🏆 26. in JP
 

コメントありがとうございます。コメントは審査後に公開されます。

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

Millennials and private sector seen driving growth of 'sustainable finance'
ソース: ANCALERTS - 🏆 26. / 50 続きを読む »